Form 4 for VERX Vertex, Inc.
Accepted 2025-06-11 00:00:00 ET · period of report 2025-06-09 · accession 0001104659-25-058504 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2025-06-11 | 2025-06-09 | VERX | Westphal Jeffrey | See Remarks | S - Sale | $38.45 | -3.00M | 0 | -100% | -$115.35M |
| DMI | 2025-06-11 | 2025-06-09 | VERX | Westphal Jeffrey | See Remarks | C - Cnv Deriv | $0.00 | +3.00M | 1.51M | New | $0 |
| DMI | 2025-06-11 | 2025-06-09 | VERX | Westphal Jeffrey | See Remarks | C - Cnv Deriv | $0.00 | -3.00M | 1.13M | -73% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-06-09 | S | D | 332,244 | $38.45 | 0 | I By Rainer J. Westphal 2007 Separate Non-Exempt Trust FBO Jeffrey Westphal | — | — | (F2) The reported securities were sold in a block sale at a per share price of $38.45. |
| 2 | Common | Class A Common Stock | 2025-06-09 | C | A | 332,244 | $0.00 | 332,244 | I By Rainer J. Westphal 2007 Separate Non-Exempt Trust FBO Jeffrey Westphal | — | — | |
| 3 | Common | Class A Common Stock | 2025-06-09 | C | A | 1,153,756 | $0.00 | 1,153,756 | I By Rainer J. Westphal 2007 Separate Exempt Trust FBO Jeffrey Westphal | — | — | |
| 4 | Common | Class A Common Stock | 2025-06-09 | S | D | 1,514,000 | $38.45 | 0 | I By The 2009 Jeffrey R. Westphal Generation Skipping Trust | — | — | (F2) The reported securities were sold in a block sale at a per share price of $38.45. |
| 5 | Common | Class A Common Stock | 2025-06-09 | C | A | 1,514,000 | $0.00 | 1,514,000 | I By The 2009 Jeffrey R. Westphal Generation Skipping Trust | — | — | |
| 6 | Common | Class A Common Stock | 2025-06-09 | S | D | 1,153,756 | $38.45 | 0 | I By Rainer J. Westphal 2007 Separate Exempt Trust FBO Jeffrey Westphal | — | — | (F2) The reported securities were sold in a block sale at a per share price of $38.45. |
| 7 | Derivative | Class B Common Stock | 2025-06-09 | C | D | 1,153,756 | $0.00 | 0 | I By Rainer J. Westphal 2007 Separate Exempt Trust FBO Jeffrey Westphal | — · — to — | 1,153,756 Class A Common Stock | (F1) The Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis either (i) upon any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (ii) if the voting power of the Issuer's outstanding Class B Common Stock represents less than 10% of the combined voting power of all of the Issuer's outstanding common stock. |
| 8 | Derivative | Class B Common Stock | 2025-06-09 | C | D | 332,244 | $0.00 | 0 | I By Rainer J. Westphal 2007 Separate Non-Exempt Trust FBO Jeffrey Westphal | — · — to — | 332,244 Class A Common Stock | (F1) The Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis either (i) upon any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (ii) if the voting power of the Issuer's outstanding Class B Common Stock represents less than 10% of the combined voting power of all of the Issuer's outstanding common stock. |
| 9 | Derivative | Class B Common Stock | 2025-06-09 | C | D | 1,514,000 | $0.00 | 1,125,927 | I By The 2009 Jeffrey R. Westphal Generation Skipping Trust | — · — to — | 1,514,000 Class A Common Stock | (F1) The Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis either (i) upon any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (ii) if the voting power of the Issuer's outstanding Class B Common Stock represents less than 10% of the combined voting power of all of the Issuer's outstanding common stock. |